Gemstone Investments reports profit rise in FY26

Gemstone Investments Limited reported a net profit of ₹40.39 lakh for the financial year ended March 31, 2026, an increase from ₹31.61 lakh in the previous year. Revenue from operations for the year rose to ₹223.36 lakh from ₹124.55 lakh in FY25. The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The company has submitted newspaper clippings of these results to BSE Limited on May 30, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations.

The statutory auditor, M/s. A. Raghavendra Rao & Associates, Chartered Accountants, issued an unmodified opinion on the standalone financial results. The company stated that it did not have any material weaknesses in its internal financial controls over financial reporting, which were operating effectively as of March 31, 2026.

For the quarter ended March 31, 2026, the company reported a profit of ₹38.67 lakh, compared to a loss of ₹26.80 lakh in the preceding quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹91.77 lakh, up from ₹58.02 lakh in the previous quarter.

Financial Performance

The company's total income for FY26 was ₹223.37 lakh, compared to ₹124.55 lakh in the previous year. Total expenses for the year increased to ₹157.09 lakh from ₹78.65 lakh in FY25. The profit before tax for the year was ₹66.27 lakh, compared to ₹45.90 lakh in the prior year. Basic and diluted earnings per share for the year stood at ₹0.05, compared to ₹0.01 in the previous year.

The following table summarizes the standalone audited financial results for the financial year ended March 31, 2026:

Particulars	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	223.36	124.55
Total Income	223.37	124.55
Total Expenses	157.09	78.65
Profit Before Tax	66.27	45.90
Net Profit	40.39	31.61

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹5,340.44 lakh, an increase from ₹2,504.60 lakh in the previous year. Non-current investments were recorded at ₹191.63 lakh, compared to nil in the prior year. Total equity attributable to owners of the parent increased to ₹4,972.49 lakh from ₹2,472.10 lakh.

Current liabilities increased to ₹367.95 lakh from ₹32.50 lakh in the previous year, primarily due to current borrowings of ₹355.32 lakh. The company's cash and cash equivalents decreased to ₹17.34 lakh as of March 31, 2026, from ₹122.57 lakh at the end of the previous financial year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.33%	+1.82%	-1.18%	-5.62%	-28.81%	-1.75%

Gemstone Investments Limited reported a net loss of ₹26.80 lakh for the quarter ended December 31, 2025, primarily due to a sharp rise in expenses. The company had recorded a net profit of ₹16.22 lakh in the preceding quarter ended September 30, 2025. Revenue from operations for Q3FY26 stood at ₹58.02 lakh, a significant increase from ₹2.39 lakh in the corresponding quarter of the previous year.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 13, 2026. The Limited Review Report was issued by A. Raghavendra Rao & Associates, Chartered Accountants. The firm noted that nothing came to their attention to suggest the financial statements were not prepared in accordance with applicable accounting standards.

Total expenses for the quarter rose to ₹81.94 lakh, up from ₹13.54 lakh in the same period last year. This increase was driven largely by other expenses, which amounted to ₹62.66 lakh, and a bad debt provision of ₹8.38 lakh. Employee benefits expenses for the quarter were recorded at ₹8.80 lakh. Finance costs also increased to ₹1.63 lakh from ₹0.01 lakh in the preceding quarter.

For the nine months ended December 31, 2025, the company reported a net profit of ₹1.72 lakh, a sharp decline from ₹23.11 lakh in the corresponding period of the previous year. Total revenue for the nine-month period was ₹131.60 lakh, while total expenses aggregated to ₹118.63 lakh. The company’s paid-up equity share capital remained constant at ₹747.50 lakh.

The Board also approved the allotment of convertible equity warrants on a preferential basis. On November 19, 2025, the company allotted 19,98,40,000 warrants, followed by an additional allotment of 19,37,60,000 warrants on November 26, 2025. The company noted that due to the critical illness and hospitalization of the Statutory Auditor, the Limited Review Report was submitted at the earliest possible opportunity.